Insurance Technology Featured Article

Travelers has chosen Teologis, Inc., a company that offers software as a service (SaaS (News - Alert)) to provide location intelligence, to enhance its IntelliDrive Fleet Safety Solutions program, which gives customers what they need -- including consulting services -- to learn about fleet vehicle operations. The IntelliDrive service educates people on things like speeding and hand braking, which help reduce the amount of people that make false or exaggerated claims about an experience involving a vehicle. The system also assists with telematics-based coaching, which lets large fleet managers cut down on accidents and losses while reducing insurance expenses as well.

Right now, Travelers offers IntelliDrive Fleet Safety Solutions to customers with local or intermediate fleets through its own company. The company will also be offering the solutions to its truck fleets within the Northland division. IntelliDrive serves a vast user base of small and medium fleets, up to the mega fleets that play a major role in global transportation of goods. It also comes useful to many different types of businesses, including box trucks for goods and the big 18-wheelers with double trailers used for long hauls and construction supplies. Telematics solutions help businesses improve their fuel efficiency and plan their routes smarter, in ways that would help the vehicles last longer.

"Auto accidents are the leading cause of workplace injuries and fatalities," says Chris Hayes, director of transportation, Travelers Risk Control. "By reducing the risk of motor vehicle accidents, customers not only limit their liability, but preserve the life and health of their employees. IntelliDrive Fleet Safety Solutions can help by turning insights into concrete ways to improve fleet safety and reduce the substantial costs of operating a fleet."

Miguel Leiva-Gomez is a professional writer with experience in computer sciences, technology, and gadgets. He has written for multiple technology and travel outlets and owns his own tech blog called The Tech Guy, where he writes educational, informative, and sometimes comedic articles for an audience that is less versed in technology.

Related Insurance Technology Articles

While insurance sometimes feels like a local or national business to customers, in reality it is very global. This is particularly true when it comes to those who provide technology solutions to carriers large and small around the world. An illustration of this comes in the form of new that Holon, Israel-based insurance software solutions provider Sapiens International Corporation, which has announced the signing of a definitive agreement, subject to closing conditions, to acquire IBEXI Solution…
[ Read More ]

We keep hearing that B2B and B2C video interactions are going mainstream as critical tools for improving customer experiences. The problem is this has been a mantra for years. Next year always seems like the year the market will finally take off.
[ Read More ]

Mobile advertising in many ways is still a new tool for businesses. In much the same way that online advertising was met with skepticism when it first came on the scene, so too has mobile advertising-though perhaps not to the same extent. However, a new study from the Marchex Institute suggests that there are some major advantages to be had for mobile advertisers dealing in financial services and insurance. At the same time, there are also some key challenges to face in the field, and astute fir…
[ Read More ]

There have been a seemingly unending number of reports and executive speeches about how the insurance industry needs to automate its business processes or risk the consequences of losing customers. This need to automate runs the gamut of the customer journey. In short, it covers how best to handle inbound customer inquiries and outbound marketing initiatives in an omnichannel world. It also involves the transformation of back office systems and the ability to share information and use sophistica…
[ Read More ]